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Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows From Operating Activities    
Net income $ 1,962,460 $ 2,852,886
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 358,660 469,784
Amortization of finite-life intangible assets 98,785 90,863
Share-based compensation expense 755,999 676,558
Deferred income taxes 102,000 27,000
Loss on disposal of property and equipment 1,294
Changes in operating assets and liabilities:    
Accounts receivable (3,295,984) (530,360)
Contract assets 345,088 (150,995)
Inventories 838,747 (13,852)
Prepaid expenses and other assets (68,616) 50,329
Income tax receivable 8,264 (409,064)
Income tax payable (288,511)
Accounts payable and accrued liabilities 1,219,429 136,361
Net cash provided by operating activities 2,324,832 2,912,293
Cash Flows From Investing Activities    
Expenditures for property and equipment (105,472) (752,875)
Expenditures for finite-life intangible assets (102,659) (97,460)
Net cash used in investing activities (208,131) (850,335)
Cash Flows From Financing Activities    
Issuance of common stock upon exercise of options 45,669 63,423
Taxes paid on net share settlement of stock option exercises (140,832)
Net cash (used in) provided by financing activities (95,163) 63,423
Net increase in cash 2,021,538 2,125,381
Cash    
Beginning of period 10,479,150 7,807,928
End of period $ 12,500,688 $ 9,933,309